Rocket Lab Corporation $RKLB Shares Bought by Legal & General Group Plc

Legal & General Group Plc lifted its stake in shares of Rocket Lab Corporation (NASDAQ:RKLB) by 15.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 466,809 shares of the rocket manufacturer’s stock after purchasing an additional 63,569 shares during the quarter. Legal & General Group Plc owned about 0.10% of Rocket Lab worth $16,698,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Atlantic Union Bankshares Corp purchased a new stake in Rocket Lab during the second quarter worth about $36,000. ORG Partners LLC lifted its position in shares of Rocket Lab by 491.9% during the 2nd quarter. ORG Partners LLC now owns 1,095 shares of the rocket manufacturer’s stock valued at $38,000 after acquiring an additional 910 shares during the period. Golden State Wealth Management LLC lifted its position in shares of Rocket Lab by 3,250.0% during the 2nd quarter. Golden State Wealth Management LLC now owns 1,340 shares of the rocket manufacturer’s stock valued at $48,000 after acquiring an additional 1,300 shares during the period. GAMMA Investing LLC boosted its stake in shares of Rocket Lab by 36.4% during the 2nd quarter. GAMMA Investing LLC now owns 1,518 shares of the rocket manufacturer’s stock worth $54,000 after acquiring an additional 405 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in shares of Rocket Lab by 39.8% in the 1st quarter. National Bank of Canada FI now owns 3,118 shares of the rocket manufacturer’s stock worth $56,000 after acquiring an additional 887 shares during the period. Hedge funds and other institutional investors own 71.78% of the company’s stock.

Rocket Lab Price Performance

NASDAQ:RKLB opened at $42.25 on Friday. Rocket Lab Corporation has a 12-month low of $14.71 and a 12-month high of $73.97. The firm has a market cap of $22.57 billion, a price-to-earnings ratio of -111.18 and a beta of 2.16. The company’s 50-day moving average is $54.58 and its two-hundred day moving average is $44.13. The company has a current ratio of 3.18, a quick ratio of 2.83 and a debt-to-equity ratio of 0.32.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Rocket Lab had a negative net margin of 35.64% and a negative return on equity of 27.26%. The business had revenue of $155.08 million during the quarter, compared to the consensus estimate of $152.45 million. During the same period in the previous year, the firm posted ($0.10) earnings per share. The company’s quarterly revenue was up 48.0% compared to the same quarter last year. Rocket Lab has set its Q4 2025 guidance at EPS. Research analysts expect that Rocket Lab Corporation will post -0.38 EPS for the current year.

Insider Activity at Rocket Lab

In other news, Director Matthew Ocko sold 1,873,097 shares of the firm’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total transaction of $90,283,275.40. Following the sale, the director owned 541,526 shares in the company, valued at $26,101,553.20. This trade represents a 77.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Adam C. Spice sold 874,588 shares of the company’s stock in a transaction on Friday, September 19th. The shares were sold at an average price of $48.01, for a total value of $41,988,969.88. Following the completion of the transaction, the chief financial officer owned 2,057,889 shares of the company’s stock, valued at $98,799,250.89. The trade was a 29.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 5,573,532 shares of company stock worth $274,301,358. Company insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on RKLB shares. Bank of America lifted their price objective on Rocket Lab from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Needham & Company LLC reiterated a “buy” rating and issued a $63.00 price objective on shares of Rocket Lab in a research report on Tuesday. KeyCorp increased their price objective on shares of Rocket Lab from $50.00 to $75.00 and gave the company an “overweight” rating in a research note on Friday, October 17th. Citigroup restated a “market perform” rating on shares of Rocket Lab in a research report on Wednesday, November 12th. Finally, Cantor Fitzgerald upped their price target on shares of Rocket Lab from $35.00 to $54.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.17.

About Rocket Lab

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.